FuturesCom = Investment = Publications
Morning Comments 8-31-1998 =
Dedicated to Excellence in Analysis of Futures = Markets
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock..=20 Softs
Featuring Bi-Weekly = Investment=20 Outlooks, Special Reports, Morning Comments and More =
Experienced=20 Since 1979 & Serving Professional and Individual Futures = Traders=20 World Wide since 1988
5845 Autumn Ridge Rd Lake Worth Florida 33463=20 561-433-2995=20 http://www.futurescom.com
Monday August 31st 1998
6:04 AM
On the Frenzied = Forex=20 Front
Sept. Japanese-Yen
Nearby Support is 7003 and = 6995, below=20 that support is 6956.
Resistance is at 7077 to 7088. Beyond that = resistance is at=20 7116 and 7143 to 7170.
Sept. = D-Mark
Resistance is at 5716 to 5729. = Beyond that=20 good resistance is at 5792 to 5805 then 5855 then 5880. Traders can sell = short=20 at 5880 and hold for lower prices.
Support is at 5641 and 5610, below that support is = 5577 to 5553=20
Sept. Swiss
Nearby resistance is at 6906 to = 6925 then=20 6975 and 7003
Support is=20 at 6836 and 6809. Below that good support is near 6755 and 6714. =

Sept. British Pound: Recommended position = short at=20 1.6420
Support is at 1.6550 to 1.6420 and=20 1.6332.
Resistance is at = 1.6730 and=20 1.6886
Sept. Canadian.
Support is near 6385 and 6345=20
Resistance is at 6455 = and 6480.=20

Precious = Metals
Dec. Gold Recommended Position Long 3 at = avg.=20 289.8
Support is at 277.20 and=20 274
Resistance is at = 281 and=20 283
Dec. Copper: Recommended Position long at = 7470 and=20 7255
Nearby Support=20 is at 7190 and 7090.
Resistance is at 7335 and 7425. = Beyond that=20 good resistance is at 7470
Oct.=20 Platinum Recommended position long at 372.5 and 379.5
Nearby Support is at 351 and=20 349.
Resistance is at = 357 and 358.=20 A close over 358 is friendly for a rally towards 376
Bullish long term
Dec. Silver Recommended Position long at = 4 at 521=20
On the DownSide: Nearby Support is at = 468 and=20 461.
On the = Upside. Resistance is=20 at 483 then 491 to 498.

The Exciting=20 Energies
Oct. Crude recommended position long at = 1364 and=20 1348
Support is at 1335 and 1310 to = 1308 Under=20 that 1289 to 1274 should hold. Traders can buy at 1297, risk a close = under 1289=20 for three days in row.
Resistance is at 1367 to 1377 and 1383. A close over = 1383 augurs=20 for a test of resistance at 1415 to 1421.
Oct. Unleaded Gas recommended position = long 2 at=20 4070
Support is at 3965 and 3910 = where it should=20 hold. Below that support is 3868.
Resistance is at 4165 and 4225.
Trade Accordingly.
Oct. Heating Oil Recommended Position = long at=20 3544
Resistance is at 3655 and=20 3700
Support is at = 3500. Below=20 that 3470 to 3425 should contain a break. Traders=20 can buy at 3445. Risk a close under 3370 for three days in a row.=20
The Grande = Grains
November Soybeans Recommended Position = Long=20 540
Support is at 512 and 508
Resistance is at 5171/2 and 521 1/2.
Dec. Soybean Meal Recommended long at = 143.80 and=20 138.30
Support is at 129.4 and 127.5=20
Resistance is at = 133.6 and 135.5=20 A close over 134 augurs for a test of 141
Trade Accordingly.
Dec. Soybean Oil recommended position = long=20 2437
Support is at 2379 and 2371. = Below that=20 Traders should Buy at 2366 and Hold for higher prices. Risk a close = under 2354=20 for three days in a row. Resistance is at 2419 and 2451. Beyond that resistance = is at=20 2461 to 2469.
Dec. Corn
Support is at 198 and 194 = Resistance=20 is at 206 3/4 and 211 1/2. A close over 207 augurs for a short covering = rally to=20 218.
Dec. Wheat
Resistance is at 263 3/4 and 268 to 269. = Support is at=20 253 and 251

The Satisfying = Softs
Dec. Cotton Recommended Position Long = at avg.=20 7288, 7385, 7593
Nearby Support is at 7155 and 7010 = where it=20 should hold basis the close on any real sell-off. Resistance is = at 7325=20 and 7415 to 7425.
Oct. Sugar recommended position long at=20 804
traders should use a 747 sell stop, close only as protection for = today.=20
Support is at 749 and 741 to 734 = which=20 should hold a decline today.
Resistance is at 760 to 767 A close over 760 is = friendly for a=20 test of 789.
Dec. Coffee:
On the downside, Support = is at=20 117.90. Beneath that Support is at 117.45 and 116.90 to 116.40 then = 115.45.=20 Below that support is at 113.00 and 110.10 to 109.60.
Traders can buy at 110.10 for a good turn = higher,=20 risk a close under 105.80 for three days in a row.
On the Upside, Resistance is at = 119.20 to=20 120.30. Above that 125.50 and 126.80 to 127.40/ 128.05 offer good = resistance.=20 Traders can go short at 127.40 for a quick turn lower, risk a close over = 128.90=20 for three days in a row.
Trade Accordingly.
Dec. Cocoa Recommended Position Long at=20 1569
Support is at 1585 and 1576 = Below that 1569=20 should hold today.
Resistance is=20 at 1609 to 1615. Beyond that a test of 1635 is likely. =
The Lively Livestock
October Cattle
Support is at 5987 and = 5947. Below that=20 5912 should hold.
Resistance is at 6062 and 6097 then = 6137. A close=20 over 6137 augurs for a test of 6210.
October Hogs Recommended Position Long = (3) 4302 avg.,=20 4327, 4057.
Resistance is 4002 and 4032. A close over 4007 = is=20 friendly for a push towards 4200.
Support is at 3862 and 3832 = below that 3787=20 should hold.
Dec. Hogs Recommended position Long at=20 4057
Support is at 3797 and 3717.
Resistance is at 3962 and 3997 =
Feb. Bellies recommended position long at = 5500 and=20 5550, hold.
Early Support is at 4777, below that = 4717 and=20 4687 offers support.
Resistance is at 4997 and 5157 =
--From=20 the Frying Pan into the Fire--

The Sensational Stock and = Bond Markets=20
Sept. Bonds
On The DownSide, Nearby Support is = 126-08 and=20 125-21 to 125-19, below that support is at 125-08 .
On the Upside: Resistance is at = 127-08 and=20 127-19 which should cap a rally today. Beyond that resistance is at = 127-31 and=20 128-08.
Sept. SP500 recommended position long at = 1052.00 and=20 1036
On the=20 DownSide, Support is at 1030 and 1018.5 and 1006 to 1005=20
On the Upside, Resistance = is at=20 1035.80 to 1036.00. Beyond that 1047. offers good resistance as does = 1052. A=20 close over 1052 augurs for a test of 1058, Beyond that resistance is at = 1063.20=20 then 1068 Where firm sellers should appear.
The Dow Jones Industrial Average =
Support is at 8044 to 8029 and 7988 = then 7935=20 Resistance should first = appear at=20 8123 then 8194 to 8223 and 8260.A = close over 8123=20 is friendly.
A ship in Harbor is Safe.. But = that's not what=20 ships are built for.
Happy Trading
Bill
Monday Aug. 31 1998
07:32 AM
Copyright@1998 FuturesCom Investment=20 Publications
All Rights=20 Reserved
FuturesCom is Not = Responsible=20 for Transmission Errors and Omissions.
THIS PUBLICATION CONTAINS THE VIEW AND = OPINIONS OF=20 THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. = WRITTEN=20 PERMISSION IS. REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. = FUTURES=20 TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF = OPTIONS=20 AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY = NOT=20 LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY = THAN=20 OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE = OF=20 FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS = MADE FOR=20 ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.
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